Landstar CEO Sells $1.38 Million in Stock

Henry H. Gerkens sold for the first time in more than two years.

As Landstar System struggles to reach the multiyear-high stock price set in April, the company keeps on trucking, even as the top executive unloaded a large block of shares.

On Nov. 6, Chief Executive, Chairman and President Henry H. Gerkens sold 26,969 shares of Landstar (ticker: LSTR) for $1,377,936, an average of $51.09 each, reducing his direct holdings to 104,451 shares, a stake of less than 1% in the logistics firm.